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What kind of car? That sounds like a situation where taking the loss wouldn't be an awful idea... That's an awful price range to sell a car in, IMHO. Not many people will have cash for it, and it's kind of tedious (tho far from impossible) to get a loan for a private-party purchase.
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Oct 8, 2014 23:53
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Shazbot v2.0 posted:Car is a 2010 Mazda 3 GT-E Sedan. Manual transmission (I think hurting the resale) with just under 100,000km. Car has every option available and a few scrapes/dings which might lower the price a bit too. What's the next car payment/insurance/parking/whatever deadline? If it doesn't sell by then, I say sell it to the dealer. It's a loss, for sure, but so is keeping a car you don't want in the city. Call it a "stupid tax" and move on.
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Oct 9, 2014 00:23
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Shazbot v2.0 posted:Payments are biweekly (one comes out tomorrow, bringing the amount owing to 11500), and insurance is taken out at the beginning of each month. Parking is paid through my rent monthly and I would ideally rent the spot out. Not spending much on gas while I primarily take transit to work, but having the car makes me tempted to drive. Sounds like an easy choice, then.  Warmest Regards, --Someone who has wasted tens of thousands of dollars on cars, Esq.
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Oct 9, 2014 03:29
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